2. Review

Technical Review

1. Technical Plan Evaluation

  • Technical Architecture Rationality: Assess if the project's technical architecture design aligns with its goals, is well-structured, and scalable.

  • Code Quality and Standards: If there is existing code, review its quality and development standards to ensure clear structure, complete documentation, and industry standard compliance.

  • Technical Implementation Roadmap: Determine if the project has a clear implementation roadmap, including objectives, key milestones, and resource requirements for each phase.

  • Technical Dependencies: Analyze dependencies within the technology stack, evaluating reliability to avoid critical risks, such as reliance on closed-source code or specific vendors.

2. Feasibility and Technical Risk Analysis

  • Key Technical Breakthroughs: Identify any unresolved technical challenges or innovations within the project, assessing their feasibility.

  • Technical Risk Assessment: Identify and analyze potential technical risks (e.g., hardware or software compatibility, data privacy) and require the project to provide risk mitigation plans.

  • Intellectual Property Assessment: Review the project's technological innovations for intellectual property to ensure that the project possesses necessary patents, trademarks, or copyrights.

3. Technical Team Competency Evaluation

  • Team Expertise: Review the technical team's educational background and work experience to ensure they are capable of executing the project.

  • Technical Team Roles: Confirm team members’ specific roles in technical development, evaluating whether the team structure is reasonable.

  • Technical Resources and Partnerships: Check if the project has access to necessary resources (e.g., data, equipment) and has partnerships with other technical stakeholders to fully support its technical needs.

4. Security and Data Protection

  • Data Security and Privacy Protection: Evaluate the project's data protection mechanisms to ensure compliance with data privacy regulations, especially if it involves user data.

  • System Security Design: Assess the system's ability to withstand risks like cyber-attacks and data breaches, ensuring that security measures are in place.

  • Open Source and Audit: If the code is open-source, require a professional third-party security audit to ensure its safety.


Commercial and Operational Review

1. Market Demand and Competitive Analysis

  • Market Research: Review whether the project has conducted adequate market research to confirm it addresses a real market need.

  • Target Users and Market Positioning: Identify the target user base and market positioning to ensure clear focus and substantial market potential.

  • Competitor Analysis: Conduct an in-depth analysis of existing competitors to evaluate the project's competitive advantage, uniqueness, and potential market share.

  • Market Trend Forecast: Request a market trend forecast from the project and an explanation of how it plans to adapt and leverage these trends.

2. Business Model and Profitability

  • Business Model Validation: Review the business model, including revenue sources and payment mechanisms, ensuring it has the potential for sustainable profitability.

  • Revenue and Cost Analysis: Analyze potential revenue and projected costs to ensure profitability is feasible and reasonable.

  • Cash Flow and Financial Planning: Confirm that the project has a detailed plan for cash flow and financial resources to avoid disruptions from insufficient funds.

  • Profitability Feasibility: Assess whether the project's profitability path is clear and achievable, focusing on short-term and mid-to-long-term profit forecasts.

3. Operational Strategy and Marketing Plan

  • Marketing Strategy: Review the project’s market promotion and user acquisition plans to ensure clear promotion channels and execution strategies.

  • User Acquisition and Retention: Verify if the project has a clear strategy for user acquisition and retention, with reasonable target metrics.

  • Brand Building: Ensure the project has a brand-building plan to gradually enhance its market recognition and influence.

  • Ecosystem Support: If the project is part of an industry ecosystem, evaluate its positioning and development potential within the ecosystem, ensuring good synergy with other ecosystem partners.

4. Team Operational Capabilities

  • Operational Team Background and Experience: Assess the operational team's qualifications and abilities to ensure they have enough experience and resources to drive the project’s growth.

  • Project Management Capability: Verify if the project has established effective project management processes and tools to ensure timely execution.

  • External Collaboration Resources: Check if the project has partnerships with other organizations, communities, and media for adequate promotion and development resources.

  • Crisis Response Capability: Review the team’s ability to handle emergencies and adjust operational strategies, ensuring they can respond quickly to market changes.


Financial and Budget Review

1. Budget Rationality Assessment

  • Budget Breakdown: Review whether the budget is clearly broken down, covering all project costs (e.g., personnel, tech development, marketing, equipment), and whether expenditures are reasonable.

  • Spending Proportions and Allocation: Analyze the proportions of spending in areas like R&D, marketing, and operations, confirming they align with the project stage and industry standards to ensure effective resource allocation.

  • Price Rationality: Evaluate the unit costs in the budget to ensure they are reasonable and in line with market rates, preventing unnecessary financial waste.

2. Fund Utilization Plan and Timeline

  • Stage-Based Fund Allocation: Review the fund utilization plan to ensure stage-based allocations that will support each project phase.

  • Budget Alignment with Timeline: Confirm that budget expenditures align with the project timeline, ensuring financial resources are available for critical milestones.

  • Milestone Funding Needs: Analyze the funding needs for key project milestones to ensure they are fully supported.

3. Financial Health and Transparency

  • Cash Flow Forecast: Request a cash flow forecast from the project to ensure it can maintain positive cash flow at various development stages, avoiding financial strain.

  • Financial Transparency: Require regular financial reports from the project to ensure transparent fund usage, allowing stakeholders to monitor financial flows.

  • Audit Mechanism: For larger funding amounts, consider adding a regular audit mechanism in the funding contract to ensure compliance and reasonableness in fund usage.

4. Cost-Benefit Analysis

  • Return on Investment Forecast: Analyze the project's return on investment (ROI) to ensure capital input aligns with expected benefits.

  • Investment Yield Ratio: Evaluate the investment yield ratio to ensure a reasonable ROI for the project.

  • Risk and Return Balance: Ensure that expected returns reasonably cover potential risks, achieving a balance between risk and reward.

5. Financial Risk Assessment

  • Potential Financial Risks: Assess possible financial risks (e.g., budget overruns, cash flow issues) and require a risk mitigation plan from the project.

  • Fund Management Capability: Check if the project has a robust financial management system and team to ensure sound fund management.

  • Emergency Reserve Fund: Recommend the project establish an emergency reserve fund to cover unexpected expenses or contingencies.

6. Financial Sustainability Analysis

  • Long-Term Funding Needs Planning: Evaluate the project's long-term funding needs beyond the funding period, ensuring its sustainability.

  • Revenue Forecast and Diversification: Determine if the project has a detailed revenue forecast and diverse income sources to avoid reliance on a single funding source.

  • Self-Financing Capability: Assess if the project can secure additional funding through other means (e.g., fundraising, equity investment) to ensure its long-term operation.

7. Financial Team and Management Capacity

  • Financial Team Qualifications: Review the qualifications and experience of the financial team to ensure they possess professional financial management skills.

  • Financial Management Processes: Check if the project has established regulatory-compliant financial management processes and systems.

  • Financial Management Tools: Confirm if the project uses professional financial management tools or software to enhance transparency and accuracy.

8. Cost Control and Optimization Ability

  • Cost Control Measures: Assess whether the project has reasonable cost-control measures in place to prevent overspending and unnecessary expenses.

  • Cost Optimization Plan: Determine if the project has plans to optimize costs in later stages to improve fund usage efficiency.

  • Resource Allocation and Adjustment Ability: Evaluate if the project can quickly adjust and optimize resource allocation in the event of budget or financial issues, maximizing fund usage efficiency.

Last updated